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iPower vs Sherwin Williams: revenue, profit, margins and growth compared

iPower brought in $66.1M of revenue in fiscal 2025, Sherwin Williams $23.6B in fiscal 2025. Revenue changed by -23.2% at iPower and +2.1% at Sherwin Williams on the year before, so Sherwin Williams grew faster. iPower kept -7.5% of its revenue as net profit, Sherwin Williams 10.9%. Free cash flow was -$742.8K at iPower and $2.7B at Sherwin Williams.

Side by side, latest fiscal year

IPWSHW
Fiscal year endedFY2025 (June 30, 2025)FY2025 (December 31, 2025)
Revenue$66.1M$23.6B
Revenue growth-23.2%+2.1%
Net income-$5M$2.6B
Net margin-7.5%10.9%
Free cash flow-$742.8K$2.7B
Free cash flow margin-1.1%11.3%
Earnings per share (diluted)-$0.16$10.26
Cash$1.7M$207.2M
Debtn/a$9.7B
Price to earningsn/a32.1
Market value$976.3K$79.9B
Dividend yieldn/a0.96%
Rank by revenue in sector#751 of 955 · Consumer discretionary#48 of 955 · Consumer discretionary

Over the years

Revenue
IPW FY2021: $39.9MIPW FY2021: $54.1MIPW FY2022: $79.4MIPW FY2023: $88.9MIPW FY2024: $86.1MIPW FY2025: $66.1MSHW FY2018: $17.5BSHW FY2019: $17.9BSHW FY2020: $18.4BSHW FY2021: $19.9BSHW FY2022: $22.1BSHW FY2023: $23.1BSHW FY2024: $23.1BSHW FY2025: $23.6BFY18FY19FY20FY21FY22FY23FY24FY25
IPW $66.1MSHW $23.6B
Net income
IPW FY2021: $2MIPW FY2021: -$775.7KIPW FY2022: $1.5MIPW FY2023: -$12MIPW FY2024: -$1.5MIPW FY2025: -$5MSHW FY2018: $1.1BSHW FY2019: $1.5BSHW FY2020: $2BSHW FY2021: $1.9BSHW FY2022: $2BSHW FY2023: $2.4BSHW FY2024: $2.7BSHW FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
IPW -$5MSHW $2.6B
Net margin
IPW FY2021: 5.0%IPW FY2021: -1.4%IPW FY2022: 1.9%IPW FY2023: -13.5%IPW FY2024: -1.8%IPW FY2025: -7.5%SHW FY2018: 6.3%SHW FY2019: 8.6%SHW FY2020: 11.1%SHW FY2021: 9.3%SHW FY2022: 9.1%SHW FY2023: 10.4%SHW FY2024: 11.6%SHW FY2025: 10.9%FY18FY19FY20FY21FY22FY23FY24FY25
IPW -7.5%SHW 10.9%
Revenue growth
IPW FY2021: +35.4%IPW FY2022: +46.9%IPW FY2023: +11.9%IPW FY2024: -3.2%IPW FY2025: -23.2%SHW FY2019: +2.1%SHW FY2020: +2.6%SHW FY2021: +8.6%SHW FY2022: +11.1%SHW FY2023: +4.1%SHW FY2024: +0.2%SHW FY2025: +2.1%FY19FY20FY21FY22FY23FY24FY25
IPW -23.2%SHW +2.1%
Free cash flow
IPW FY2021: $1.1MIPW FY2021: -$12.8MIPW FY2022: -$17.1MIPW FY2023: $9.1MIPW FY2024: $6.2MIPW FY2025: -$742.8KSHW FY2018: $1.7BSHW FY2019: $2BSHW FY2020: $3.1BSHW FY2021: $1.9BSHW FY2022: $1.3BSHW FY2023: $2.6BSHW FY2024: $2.1BSHW FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
IPW -$742.8KSHW $2.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about iPower and Sherwin Williams

Which is bigger by revenue, iPower or Sherwin Williams?

Sherwin Williams is bigger by revenue: $23.6B in fiscal 2025, against $66.1M for iPower in fiscal 2025.

Which keeps more of its revenue as profit, iPower or Sherwin Williams?

iPower had a net margin of -7.5% in fiscal 2025; Sherwin Williams had 10.9% in fiscal 2025.

Which grew revenue faster, iPower or Sherwin Williams?

In their latest fiscal years revenue changed by -23.2% at iPower and +2.1% at Sherwin Williams.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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